The three remaining locations and assets of Joe Caputo & Sons grocery stores will now be owned by a Wisconsin-based company that operates Piggly Wiggly and Butera Market stores.
An auction was held in May to sell off the troubled chain’s Algonquin, Des Plaines and Palatine storefronts. Piggly Wiggly Midwest acquired all three for an unconfirmed amount of money.
Piggly Wiggly Midwest’s chairman and CEO Paul Butera said he intends to keep the stores operating under the same name and with the same employees, while adding some new improvements to the center of the stores, according to the Chicago Tribune.
The stores went up for auction following a $3.6 million lawsuit by produce wholesaler Anthony Marano Co. claiming the owners failed to pay for deliveries, Crain's Chicago Business reports.
Marano’s lawyer was given a legal order to close the Elk Grove Village store location and liquidate its assets. A representative from Joe Caputo & Sons had no comment regarding the new ownership.